2021 FCF3 May 2021 11:59
With GE acquisition, a conservative daily production is 60k
At current oil prices, this will generate well over $650m FCF in 2021. Net debt end 2021 will be kess than $1bn.
Remember less than 1/3 of Enquest sales are hedged. So rising oil prices will benefit Enquest immediately !!
Wont be long before this rerates towards 30p imo